Apollo Global Management, Inc. (NYSE:APO) Shares Sold by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,274 shares of the financial services provider’s stock after selling 563 shares during the period. Apollo Global Management makes up 4.1% of SMH Capital Advisors Inc.’s portfolio, making the stock its 5th biggest position. SMH Capital Advisors Inc.’s holdings in Apollo Global Management were worth $1,331,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC boosted its position in shares of Apollo Global Management by 2.8% during the fourth quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 94 shares in the last quarter. FineMark National Bank & Trust increased its stake in shares of Apollo Global Management by 2.4% during the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 98 shares during the period. Orion Capital Management LLC increased its stake in shares of Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 100 shares during the period. Lindbrook Capital LLC grew its position in Apollo Global Management by 8.5% during the first quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock worth $147,000 after buying an additional 102 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in Apollo Global Management by 0.9% during the first quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO opened at $117.57 on Thursday. The company has a market cap of $66.80 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50 day moving average price is $113.58 and its 200-day moving average price is $113.49. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter in the prior year, the company posted $1.54 earnings per share. Sell-side analysts predict that Apollo Global Management, Inc. will post 6.62 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.57%. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Insider Buying and Selling

In related news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Evercore ISI lifted their price objective on Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Barclays lowered their price objective on Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Redburn Atlantic began coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Finally, UBS Group lifted their price target on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.06.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.